Floorplan financing for Fountain dealer network

Liberty Associates announced a new floorplan financing program for the Fountain Powerboats' dealer network.

Liberty's affiliate finance company, Palmetto Park Financial, will offer up to $5 million in financing to dealers.

"In our continuing efforts to support the Fountain and Baja brands, the Liberty team feels this is an important step to allow our dealers to have current model-year product on location to better serve their customer base," said Bill Gates, CEO of Liberty and chairman of Fountain Powerboats, in a statement.

Reggie Fountain, president of the company said in a statement, "In the past 12 months, over 255 new Fountain boats have been sold to retail customers and therefore we have seen a dramatic decline in our field inventory levels as retail sales demand has outpaced new boat production."